Silverlake Axis teams up with Finastra to offer trade finance solutions


Leandra Monteiro

Today

  • ASEAN
  • Core Processors
  • Digital transformation

Finastra, Silverlake Axis Singaporean motherboard Silverlake Axis Ltd has entered into a strategic partnership agreement with Finastra, a global provider of financial software applications and marketplaces.

Under the agreement, Silverlake will be able to offer Finastra’s trade finance solutions, including Fusion Trade Innovation and Fusion Corporate Channels to customers in ASEAN, alongside its extensive line of universal banking offerings.

Branded as ‘Silverlake Vision Trade Finance’, the collaboration aims to provide a complete suite of solutions that can be the basis for the business of corporate banks looking to tap into the intra- and extra-ASEAN trade network.

Eric Duffaut, President and Global Head of Customer Relations, Finastra said: “Teaming up with Silverlake creates a unique opportunity to deliver world-class front-to-back working capital financing solutions across ASEAN. The strengths of Silverlake and Finastra complement each other in a way that will allow us to reach even more financial institutions in the region, helping to accelerate digital transformation, drive their growth and drive competitiveness.”

Where prevalent, inefficient manual processes would take days to complete, the proven solutions behind Silverlake Vision Trade Finance are able to accomplish equivalent tasks in just a few hours. Reducing time, error and opportunity costs, especially in the high-value nature of trade finance, provides a technological advantage.

Supported by Silverlake and Finastra’s team of subject matter experts, clients are now able to bolster their trade finance transformation plans with globally accredited consulting know-how, spanning from product conceptualization to project management, implementation and testing.

Andrew Tan, Group Managing Director of Silverlake Axis, said: “From the very beginning, we recognized that our partnership with Finastra must have an impact on both our customers and potential customers. Combining Silverlake’s deep understanding of complex technical solutions with Finastra’s trade finance expertise helps us create cutting-edge, relevant solutions for our clients to grow, transform and compete in a post-pandemic world.”

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